Tag Archives: New York City

Bloomberg TV: Chinese Real Estate Buyers in New York City

Bloomberg TV: Chinese Real Estate Buyers in New York City

Bloomberg TV recently aired a segment that featured Chinese actress and Affinity China member Betty Ni browsing real estate in Manhattan. Betty is part of a growing wave of Chinese investors buying real estate in New York. Christine Lu, CEO of Affinity China, states in an interview that the prices of homes in New York City are in fact less expensive than those in comparable major Chinese cities like Shanghai, and for real estate shoppers, it makes more financial sense to purchase in the U.S.  The segment also suggests that Chinese real estate shoppers believe in a possible gain in property value with the future improvement of the American economy.

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Chinese Are The Biggest Spending Tourists

Chinese Are The Biggest Spending Tourists

In more than a few countries, cities have noted that the Chinese tourists are the biggest spenders and have the potential to become even more prevalent over the next several years.  As a result, many are taking steps to encourage the Chinese travelers to come to their locations for the next bout of shopping and tourism.

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